SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934
Filed by the Registrant |X|
Filed by a party other than the Registrant |_|
Check the appropriate box:
|X| Preliminary Proxy Statement
|_| Confidential, for Use of the Commission Only (as permitted by Rule
14a-6(e)(2))
|_| Definitive Proxy Statement
|_| Definitive Additional Materials
|_| Soliciting Material Pursuant to ss. 240.14a-12
ASPI, INC.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required
[_] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and
0-11
(1) Title of each class of securities to which transaction applies:
(2) Aggregate number of securities to which transaction applies:
(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11
(4) Proposed maximum aggregate value of transaction:
(5) Total fee paid:
[_] Fee paid previously with preliminary materials.
[_] Check box if any part of the fee is offset as provided by Exchange Act Rule
0-11(a)(2) and identify the filing for
(1) Amount Previously Paid:
(2) Form, Schedule or Registration Statement No.:
(3) Filing Party:
(4) Date Filed:
NOTICE OF
ANNUAL MEETING OF STOCKHOLDERS
AND
PROXY STATEMENT
Date: ____________, 2011
Time: 10:00 a.m.
Place: Law Office of Michael A. Littman
7609 Ralston Road
Arvada, CO 80002
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ASPI, Inc.
7609 Ralston Road
Arvada, CO 80002
(303) 422-8127
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS TO BE HELD
______________, 2011
Dear Stockholder:
Our Special stockholders' meeting will be held on ______________, 2011, at 10:00
a.m. Mountain Standard Time, at the Law Office of Michael A. Littman, 7609
Ralston Road, Arvada, Colorado 80002 for the following purposes:
1. To elect three directors to hold office until the next Annual Meeting
of shareholders and qualification of their respective successors.
2. To change the Company's name to JV Group, Inc. and file the
appropriate Articles of Amendment to implement the name change.
3. To authorize the officers and directors of the Company to amend the
Company's Articles of Incorporation to increase the number of Common
Shares authorized from one hundred million (100,000,000) to one
billion (1,000,000,000).
4. To transact such other business as may properly come before the Annual
Meeting or any postponement of or adjournment thereof.
The Board of Directors has fixed the close of business on ___________, 2011, as
the record date for the determination of shareholders entitled to notice of and
to vote at this meeting or any adjournment thereof. The stock transfer books
will not be closed.
The Company's Annual Report for the year ended June 30, 2011 accompanies this
Notice of Annual Meeting and Proxy Statement.
All stockholders, whether or not they expect to attend the Meeting in person,
are requested either to complete, date, sign, and return the enclosed form of
proxy in the accompanying envelope or to record their proxy by other authorized
means. The proxy may be revoked by the person executing the proxy by filing with
the Secretary of the Company an instrument of revocation or duly executed proxy
bearing a later date, or by electing to vote in person at the meeting.
Dated: ___________, 2011 By order of the Board of Directors,
----------------------------------------
Yuen Ling Look, President, CEO, CFO and
Director
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PROXY STATEMENT
ASPI, Inc.
7609 Ralston Road
Arvada, CO 80002
(303) 422-8127
ANNUAL MEETING OF
SHAREHOLDERS TO BE HELD
______________, 2011
This Proxy Statement is being furnished to the shareholders of ASPI, Inc., a
Delaware corporation, in connection with the solicitation by the Board of
Directors of proxies to be used at the Annual Meeting of Shareholders to be held
at 10:00 a.m., Mountain Standard time, ___________, 2011 at the Law Office of
Michael A. Littman, located at 7609 Ralston Road, Arvada, Colorado 80002. The
Proxy Statement is first being sent or given to shareholders on or about
___________, 2011.
PROXIES ARE BEING SOLICITED BY THE BOARD OF DIRECTORS.
WE ARE ASKING YOU FOR A PROXY, AND YOU ARE
REQUESTED TO SEND US A PROXY.
VOTING RIGHTS
Stockholders of record of the Company as of the close of business on __________,
2011 have the right to receive notice of and to vote at the Annual Meeting. On
________, 2011, the Company had issued and outstanding 73,879,655 shares of
Common Stock (the "Common Stock") outstanding. Each share of Common Stock is
entitled to one (1) vote for as many separate nominees as there are directors to
be elected and for or against all other matters presented. For action to be
taken at the Annual Meeting, a majority of the shares entitled to vote must be
represented at the Annual Meeting in person or by proxy. Shares of stock may not
be voted cumulatively. Abstentions and broker non-votes each will be included in
determining the number of shares present and voting at the Annual Meeting.
Abstentions will be counted in tabulations of the votes cast on proposals,
whereas broker non-votes will not be counted for purposes of determining whether
a proposal has been approved.
EXPENSE OF MAILING
The expense of preparing and mailing of this Proxy Statement to shareholders of
the Company is being paid for by the Company. The Company is also requesting
brokers, custodians, nominees, and fiduciaries to forward this Proxy Statement
to the beneficial owners of the shares of common stock of the Company held of
record by such persons. The Company will not reimburse such persons for the cost
of forwarding.
PROXIES
In voting their Common Stock, stockholders may vote in favor of or against the
proposal to approve the proposals on the agenda or may abstain from voting.
Stockholders should specify their choice on the accompanying proxy card. All
properly executed proxy cards delivered pursuant to this solicitation and not
revoked will be voted at the meeting in accordance with the directions given. If
no specific instructions are given with regard to the matter to be voted upon,
then the shares represented by a signed proxy card will be voted "FOR" the
approval of the agenda item or director(s) and in the discretion of such proxies
to any other procedural matters which may properly come before the meeting or
any adjournments thereof. All proxies delivered pursuant to this solicitation
are revocable at any time before they are voted at the option of the persons
executing them by (i) giving written notice to the Secretary of the Company,
(ii) by delivering a later dated proxy card, or (iii) by voting in person at the
meeting. All written notices of revocation and other communications with respect
to revocations of proxies should be addressed to Yuen Ling Look, President of
ASPI, Inc., c/o Law Office of Michael A. Littman, 7609 Ralston Road, Arvada,
Colorado 80002.
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HOLDERS OF COMMON STOCK ARE REQUESTED TO COMPLETE, DATE, AND SIGN THE
ACCOMPANYING PROXY CARD AND RETURN IT PROMPTLY TO THE COMPANY AT ASPI, INC., c/o
LAW OFFICE OF MICHAEL A. LITTMAN, 7609 RALSTON ROAD, ARVADA, COLORADO 80002.
The person named as proxy is Yuen Ling Look, President, CEO, CFO and a director
of the Company.
In addition to the solicitation of proxies by mail, the Company, through its
directors, officers, and employees, may solicit proxies from stockholders
personally or by telephone or other forms of communication. The Company will not
reimburse anyone for reasonable out-of-pocket costs and expenses incurred in the
solicitation of proxies. The Company also will request brokerage houses,
nominees, fiduciaries, and other custodians to forward soliciting materials to
beneficial owners, and the Company will reimburse such persons for their
reasonable expenses incurred in doing so. All expenses incurred in connection
with the solicitation of proxies will be borne by the Company.
INTEREST OF PERSONS IN MATTERS TO BE ACTED UPON
None. No director or shareholder owning 10% or more of the outstanding shares
has indicated her or his intent to oppose any action to be taken at the meeting.
No officer or director or shareholder has any interest in any matter to be voted
upon.
VOTING SECURITIES AND BENEFICIAL OWNERSHIP
As of the call date of the meeting, ____________, 2011, the total number of
common shares outstanding and entitled to vote was 73,879,655.
The holders of such shares are entitled to one vote for each share held on the
record date. There is no cumulative voting on any matter on the agenda of this
meeting. No additional shares will be issued subsequent to call date and prior
to meeting.
RECORD DATE
Stock transfer records will remain open. October __, 2011 shall be the record
date for determining shareholders entitled to vote and receive notice of the
meeting.
PRINCIPAL HOLDERS OF VOTING SECURITIES
The following table sets forth information as of ___________, 2011, with respect
to the shares of common stock of the Company owned by (i) owners of more than 5%
of the outstanding shares of common stock, (ii) each director of the Company,
(and nominees) and (iii) all directors and officers of the Company as a group.
Unless otherwise indicated, all shares are held by the person named and are
subject to sole voting and investment by such person.
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Title of Class Name and Address Of Amount and Nature of Percent of Class
Beneficial Owner (1) Beneficial Ownership
------------------------------- ---------------------------- ---------------------------- ----------------------------
Common Stock Yuen Ling Look, President, 13,108,000 (2) 17.74%
CEO, CFO and Director
Common Stock Siu Fong Kelly Yeung, 0 0%
Director
Common Stock Siu Lun Tong, Director 0 0%
Common Stock Top Growth Holdings Group, Inc.(2) 13,108,000 17.74%
Room 2, 30/F, 99
Hennessey Road,
Wanchai, Hong Kong
Common Stock Yeung Cheuk Hung 60,000,000 81.21%
All Directors and Executive 13,108,000 17.74%
Officers as a Group
(3 persons)
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(1) Unless otherwise noted, the address for the Beneficial Owner is c/o ASPI,
Inc., 7609 Ralston Road, Arvada, CO 80002.
(2) Ms. Look is the beneficial owner of Top Growth Holdings Group, and her
beneficial interest in ASPI, Inc. arises therefrom.
VOTING REQUIRED FOR APPROVAL
A majority of the shares of common stock outstanding at the record date must be
represented at the Annual Meeting in person or by proxy in order for a quorum to
be present and in order to take action upon all matters to be voted upon, but if
a quorum should not be present, the meeting may be adjourned without further
notice to shareholders, until a quorum is assembled. Each shareholder will be
entitled to cast one vote at the Annual Meeting for each share of common stock
registered in such shareholder's name at the record date.
Abstentions and broker non-votes are counted for purposes of determining the
presence or absence of a quorum for the transaction of business. Each share of
Common Stock entitles the holder thereof to one vote on all matters to come
before the Annual Meeting. Holders of shares of Common Stock are not entitled to
cumulative voting rights.
The favorable vote of a plurality of the votes of the shares of Common Stock
present in person or represented by proxy at the Annual Meeting is necessary to
elect the nominees for directors of the Company. To take the other actions at
the meeting a majority of the shares must vote in favor of the proposals present
in person or by Proxy.
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REMUNERATION AND OTHER TRANSACTIONS WITH MANAGEMENT
(a) Cash Compensation.
Compensation paid by the Company for all services provided during the year ended
June 30, 2011 (1) to each of the Company's executive officers, and (2) to all
officers as a group.
Annual Compensation
-------------------------------------------------------------------------------------------------------------------------
Name & Principal Position Fiscal Salary ($) Bonus ($) Other Annual Restricted Securities
Year Compensation ($) Stock Award(s) Underlying
Ended ($) Options/ SARS (#)
June 30,
-------------------------------------------------------------------------------------------------------------------------
Yuen Ling Look, President, 2011 $0 -0- -0- -0- $0
CEO, and CFO
2010 $0 -0- -0- -0- $0
All Officers as a Group 2011 $0 -0- -0- -0- $0
2010 $0 -0- -0- -0- $0
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Compensation paid by the Company for all services provided during the period
ended June 30, 2011, (1) to each of the Company's directors whose cash
compensation exceeded $60,000.00 and (2) to all directors as a group is set
forth below:
None.
(b) Compensation Pursuant to Plans. None.
(c) Other Compensation. None.
Aggregated Option/SAR Exercises in Last Fiscal Year an FY-End Option/SAR value
(None)
Long Term Incentive Plans - Awards in Last Fiscal Year (None)
BOARD OF DIRECTORS
Committees and Meetings
The Board held no formal meetings during the fiscal year ended June 30, 2011,
and took actions by unanimous consent, as necessary.
In the ordinary course of business, the board of directors maintains a
compensation committee and an audit committee.
The primary function of the compensation committee is to review and make
recommendations to the board of directors with respect to the compensation,
including bonuses, of our officers and to administer the grants under our stock
option plan.
The functions of the audit committee are to review the scope of the audit
procedures employed by our independent auditors, to review with the independent
auditors our accounting practices and policies and recommend to whom reports
should be submitted, to review with the independent auditors their final audit
reports, to review with our internal and independent auditors our overall
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accounting and financial controls, to be available to the independent auditors
during the year for consultation, to approve the audit fee charged by the
independent auditors, to report to the board of directors with respect to such
matters and to recommend the selection of the independent auditors.
In the absence of a separate audit committee our Board of Directors functions as
audit committee and performs some of the same functions of an audit committee,
such as recommending a firm of independent certified public accountants to audit
the annual financial statements; reviewing the independent auditors
independence, the financial statements and their audit report; and reviewing
management's administration of the system of internal accounting controls.
(a) Compensation of Directors
SUMMARY COMPENSATION TABLE OF DIRECTORS
(to June 30, 2011)
Non-qualified
Non-equity deferred
Fees incentive plan compensation All other
earned or Stock Option compensation ($) earnings compensation Total
Name paid in awards awards ($) ($) ($) ($)
cash ($)
($)
---------------------------------------------------------------------------------------------------------------------
Yuen Ling Look $ -0- $ -0- $ -0- $ -0- $ -0- $ -0- $ -0-
Siu Fong Kelly $ -0- $ -0- $ -0- $ -0- $ -0- $ -0- $ -0-
Siu Lun Tong $ -0- $ -0- $ -0- $ -0- $ -0- $ -0- $ -0-
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Aggregated Option/SAR Exercises in Last Fiscal Year an FY-End Option/SAR value
(None)
Long Term Incentive Plans - Awards in Last Fiscal Year
COMPENSATION COMMITTEE INTERLOCKS AND
INSIDER PARTICIPATION IN COMPENSATION DECISIONS
The Securities and Exchange Commission requires disclosure where an executive
officer of a company served or serves as a director or on the compensation
committee of an entity other than the Company and an executive officer of such
other entity served or serves as a director or on the compensation committee of
the Company. The Company does not have any such interlocks. Decisions as to
executive compensation are made by the Compensation Committee.
Indemnification of Directors and Officers
As permitted by the Delaware General Corporation Law, the personal liability of
its directors for monetary damages for breach or alleged breach of their duty of
care is very limited. In addition, as permitted by the Delaware General
Corporation Law, the Bylaws of the Company provide generally that the Company
shall indemnify its directors and officers to the fullest extent permitted by
Delaware law, including those circumstances in which indemnification would
otherwise be discretionary.
The Company has agreed to indemnify each of its directors and executive officers
to provide the maximum indemnity allowed to directors and executive officers by
the Delaware General Corporation Law and the Bylaws, as well as certain
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additional procedural protections. In addition, the indemnification agreements
provide generally that the Company will advance expenses incurred by directors
and executive officers in any action or proceeding as to which they may be
indemnified.
The indemnification provision in the Bylaws, and the indemnification agreements
entered into between the Company and its directors and executive officers, may
be sufficiently broad to permit indemnification of the officers and directors
for liabilities arising under the Securities Act of 1933, as amended (the
"Securities Act").
Insofar as indemnification for liabilities arising under the Securities Act may
be permitted to directors, officers and controlling persons of the Company
pursuant to the foregoing provisions, or otherwise, the Company has been advised
that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Securities Act and
is, therefore, unenforceable.
ANNUAL REPORT
The Company's Annual Report on Form 10-K for the year ended June 30, 2011 (the
"Form 10-K") is being furnished simultaneously herewith as Exhibit A. The Form
10-K is not considered a part of this Proxy Statement.
The Company will also furnish to any stockholder of the Company a copy of any
exhibit to the Form 10-K as listed thereon, upon request and upon payment of the
Company's reasonable expenses of furnishing such exhibit. Requests should be
directed to Yuen Ling Look, President of ASPI, Inc., c/o Law Office of Michael
A. Littman, 7609 Ralston Road, Arvada, Colorado 80002.
BOARD OF DIRECTORS AND OFFICERS
The persons listed below are currently Officers and the members of the Board of
Directors. Three persons designated with numerals (1), (2), and (3) are nominees
for Director for the following term.
DIRECTORS AND EXECUTIVE OFFICERS
The directors and executive officers of the Company as of _____________, 2011
are as follows:
Name Age Position(s) Period of Service as an
Officer or Director
---------------------------------------------------------------------------------------------------
(1) Yuen Ling Look 43 President, CEO, CFO and Annual
Director
(2)Siu Fong Kelly Yeung 41 Director Annual
(3)Siu Lun Tong 48 Director Annual
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The directors of the Company hold office until the next annual meeting of the
shareholders and until their successors have been duly elected and qualified.
The officers of the Company are elected at the annual meeting of the Board of
Directors and hold office until their successors are chosen and qualified or
until their death, resignation, or removal. The Company presently has no
executive committee.
The principal occupations of each director and officer of the Company for at
least the past five years are as follows:
MANAGEMENT EXPERIENCE
YUEN LING LOOK, PRESIDENT, CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER AND
DIRECTOR
Ms. Look has been employed by La Jacques Fashion Limited for over ten years.
Currently, she is the Chief Administrator, responsible for the accounting and
administrative work. La Jacques Fashion Limited is a garment trading company.
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She was educated in Hong Kong and earned a diploma in Business Administration in
1991 from Hong Kong Shue Yan University (formerly called Shue Yan College). She
also completed the Certificate Stage of Association of Chartered Certified
Accountants in 1999.
SIU FONG KELLY YEUNG, DIRECTOR
Ms. Yeung graduated from the Primary school in Hong Kong. She then went to
United Kingdom for further studies. In 1988, she finished at Level O. After
graduation, she immediately joined and participated in the operations of
restaurants. She has almost twenty years experience in the beverage industry.
She has been running her own restaurant for over ten years.
SIU LUN TONG, DIRECTOR
Mr. Tong has been employed by Asian Alliance Garment Limited for more than 15
years. Currently, he is the production manager of Asian Alliance Garment
Limited. At Asian Alliance Garment Limited, he specializes in management and
control of factories and quality. Sportswear and jeans are the main lines of the
company's business.
In 1985, Mr. Tong graduated at the Advanced-level from Yuen Long Merchants
Association School in Hong Kong where he studied science.
No appointee for a director position has been found guilty of any civil
regulatory or criminal offense or is currently the subject of any civil
regulatory proceeding or any criminal proceeding.
No appointee for a director position has been found guilty of any civil
regulatory or criminal offense or is currently the subject of any civil
regulatory proceeding or any criminal proceeding.
AUDITORS
GENERAL. De Joya Griffith & Company, LLC ("De Joya") is the Company's principal
auditing accountant firm. The Company's Board of Directors has considered
whether the provisions of audit services are compatible with maintaining De
Joya's independence. The engagement of our independent registered public
accounting firm was approved by our board of directors functioning as our audit
committee prior to the start of the audit of our consolidated financial
statements for the year ended June 30, 2011.
Prior to October 26, 2010, Larry O'Donnell, CPA P.C. served as our principal
auditing accountant firm.
The following table represents aggregate fees billed to the Company for the
years ended June 30, 2011 and 2010.
Year Ended June 30,
2011 2010
------------------------ ---------------------
Audit Fees $ 6,175 $3,407
Audit-related Fees $0 $0
Tax Fees $0 $0
All Other Fees $0 $0
----------------------- ---------------------
Total Fees $ --- $3,407
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All audit work was performed by the auditors' full time employees.
During the year ended June 30, 2011, audit fees of $5,675 were paid to De Joya
and fees of $0 were paid to Larry O'Donnell, CPA, PC.
It is the role of the Audit Committee, or in the absence of an audit committee,
the Board of Directors, to consider whether, and determine that, the auditor's
provision of non-audit services would be compatible with maintaining the
auditor's independence.
All audit work was performed by the auditors' full time employees.
PROPOSAL #1
NOMINATION AND ELECTION OF DIRECTORS
The Company's Bylaws currently provide for the number of directors of the
Company to be established by resolution of the Board of Directors and that
number is three. The Board has nominated three (3) persons. At this Annual
Meeting, a Board of three (3) directors will be elected. Except as set forth
below, unless otherwise instructed, the proxy holders will vote the proxies
received by them for Management's nominees named below.
The three nominees are presently directors of the Company. The term of office of
each person elected as a director will continue until the next Annual Meeting of
Stockholders, until resignation, or until a successor has been elected and
qualified.
The proxies solicited hereby cannot be voted for a number of persons greater
than the number of nominees named below. The Certificate of Incorporation of the
Company does not permit cumulative voting. A plurality of the votes of the
holders of the outstanding shares of Common Stock represented at a meeting at
which a quorum is presented may elect directors.
The directors nominated by management are:
Yuen Ling Look
Siu Fong Kelly Yeung
Siu Lun tong
The biographical information of the nominees is listed on page 8 under
"Management Experience."
Unless marked to the contrary on the ballot, all proxies will be voted in favor
of the Management's nominees.
THE BOARD OF DIRECTORS RECOMMENDS A VOTE "FOR" MANAGEMENT'S NOMINEES.
Required Approval
For action to be taken at the Annual Meeting, a quorum must be present, which,
under Delaware General Corporation Laws, is a simple majority. To be considered
approved, the nominees must receive the affirmative vote of the holders of a
majority of the shares represented and voting at the Annual Meeting.
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PROPOSAL #2
AUTHORIZATION TO CHANGE THE COMPANY'S NAME AND AMENDMENT
TO ARTICLES OF INCORPORATION
We are asking shareholders to authorize a change in the name of this corporation
to a JV Group, Inc. This requires an amendment to our Articles of Incorporation.
We believe that the name change in our Articles of Incorporation are in the best
interest of our corporation, to create a name which is not related to the former
business attempt, in which the Company may never again engage.
THE BOARD OF DIRECTORS RECOMMENDS A VOTE "FOR" THE NAME CHANGE.
PROPOSAL #3
AUTHORIZATION TO AMEND THE COMPANY'S ARTICLES OF INCORPORATION TO INCREASE THE
NUMBER OF COMMON SHARES AUTHORIZED FROM ONE HUNDRED MILLION (100,000,000) TO ONE
BILLION (1,000,000,000)
We are asking shareholders to authorize the directors of the Company to increase
the number of Common Shares from one hundred million (100,000,000) to one
billion (1,000,000,000). This requires an amendment to our Articles of
Incorporation.
We believe that the share increase authorization in our Articles of
Incorporation is in the best interest of our corporation because without
additional shares authorized, the Company may not be able to raise enough
capital through share sales, and it has substantial needs for more operating
capital. It may also need shares for acquisitions in its business sector.
It is emphasized that management of the Company may affect transactions having a
potentially adverse impact upon the Company's shareholders pursuant to the
authority and discretion of the Company's management to complete share issuances
without submitting any proposal to the stockholders for their consideration.
Holders of the Company's securities should not anticipate that the Company
necessarily will furnish such holders with any documentation concerning the
proposed issuance prior to any share issuances. All determinations (except
involving a merger where more shares will be issued equaling more than 20% of
the issued and outstanding shares prior to the transaction) involving share
issuances are in the discretion and business judgment of the Board of Directors
in their exercise of fiduciary responsibility but require a determination by the
Board that the shares are being issued for fair and adequate consideration.
In the future event that the Board continues to issue shares for capital,
services, or acquisitions, the present management and stockholders of the
Company most likely will not have control of a majority of the voting shares of
the Company.
It is likely that the Company may acquire other compatible business
opportunities through the issuance of Common Stock of the Company. Although the
terms of any such transaction cannot be predicted, this could result in
substantial additional dilution in the equity of those who were stockholders of
the Company prior to such issuance. There is no assurance that any future
issuance of shares will be approved at a price or value equal to or greater than
the price which a prior shareholder has paid, or at a greater than the then
current market price. Typically unregistered shares are issued at less than
market price due to their illiquidity and restricted nature, and the extended
holding period, before they may be sold.
THE BOARD OF DIRECTORS RECOMMENDS A VOTE "FOR" THE INCREASE OF THE NUMBER OF
COMMON SHARES AUTHORIZED.
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SHAREHOLDER PROPOSALS
Shareholders are entitled to submit proposals on matter appropriate for
shareholder action consistent with regulations of the Securities and Exchange
Commission. Should a shareholder intend to present a proposal at next year's
annual meeting, it must be received by Yuen Ling Look, the President of ASPI,
Inc., c/o Law Office of Michael A. Littman, 7609 Ralston Road, Arvada, Colorado
80002, not later than 30 days prior to fiscal year end, in order to be included
in the Company's proxy statement and form of proxy relating to that meeting. It
is anticipated that the next annual meeting will be held in October of 2012.
Other Matters. Management knows of no business that will be presented for
consideration at the Annual Meeting other than as stated in the Notice of Annual
Meeting. If, however, other matters are properly brought before the Annual
Meeting, it is the intention of the persons named in the accompanying form of
proxy to vote the shares represented thereby on such matters in accordance with
their best judgment.
Dated: _______________, 2011 By order of the Board of Directors,
-------------------------------------
Yuen Ling Look, President, CEO, CFO
and Director
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BALLOT
ASPI, Inc.
7609 Ralston Road
Arvada, CO 80002
ANNUAL MEETING OF STOCKHOLDERS, _________, 2011
The undersigned hereby appoints Yuen Ling Look proxy, with full power of
substitution, for and in the name or names of the undersigned, to vote all
shares of Common Stock of ASPI, Inc. held of record by the undersigned at the
Annual Meeting of Stockholders to be held at the offices of attorney Michael A.
Littman, located at 7609 Ralston Road, Arvada, Colorado 80002, at 10:00 a.m.,
Mountain Standard time, and at any adjournment thereof, upon the matters
described in the accompanying Notice of Annual Meeting and Proxy Statement,
receipt of which is hereby acknowledged, and upon any other business that may
properly come before, and matters incident to the conduct of, the meeting or any
adjournment thereof. Said person is directed to vote on the matters described in
the Notice of Annual Meeting and Proxy Statement as follows, and otherwise in
their discretion upon such other business as may properly come before, and
matters incident to the conduct of, the meeting and any adjournment thereof.
PROXIES ARE BEING SOLICITED BY THE BOARD OF DIRECTORS.
WE ARE ASKING YOU FOR A PROXY, AND YOU ARE
REQUESTED TO SEND US A PROXY.
1. To elect a Board of three (3) directors to hold office until the next annual
meeting of stockholders or until their respective successors have been elected
and qualified:
a. Yeun Ling Look
[_] For [_] Against [_] Withhold
b. Siu Fong Kelly
[_] For [_] Against [_] Withhold
c. Siu Lun Tong
[_] For [_] Against [_] Withhold
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INSTRUCTIONS: To withhold authority to vote for any individual nominee(s), write
the applicable name(s) in the space provided below.
2. To appoint De Joya Griffith & Company, LLC of Henderson, Nevada as
independent auditors for fiscal year ended June 30, 2012.
[_] FOR [_] AGAINST [_] ABSTAIN
3. To change the Company's name to JV Group, Inc. and the appropriate Articles
of Amendment to implement the name change.
[_] FOR [_] AGAINST [_] ABSTAIN
4. To authorize the officers and directors of the Company to amend the Company's
Articles of Incorporation to increase the number of Common Shares authorized
from one hundred million (100,000,000) to one billion (1,000,000,000).
[_] FOR [_] AGAINST [_] ABSTAIN
5. To transact such other business as may properly come before the Annual
Meeting.
[_] FOR [_] AGAINST [_] ABSTAIN
YOU ARE CORDIALLY INVITED TO ATTEND THE MEETING IN PERSON. WHETHER OR NOT YOU
PLAN TO ATTEND THE ANNUAL MEETING, PLEASE SIGN AND RETURN THIS PROXY CARD
PROMPTLY TO ASPI, INC., C/O LAW OFFICE OF MICHAEL A. LITTMAN, 7609 RALSTON ROAD,
ARVADA, COLORADO 80002.
THIS PROXY WILL BE VOTED AS DIRECTED OR, IF NO DIRECTION IS INDICATED, WILL BE
VOTED "FOR" THE STATED PROPOSALS.
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Number of Shares owned Signature of Stockholder
Dated:_______________, 2011
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Signature if held jointly
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IMPORTANT: If shares are jointly owned, both owners should sign. If signing as
attorney, executor, administrator, trustee, guardian or other person signing in
a representative capacity, please give your full title as such. If a
corporation, please sign in full corporate name by President or other authorized
officer. If a partnership, please sign in partnership name by authorized person.